Waldo Home Sales Report-August 2021

Nothing really new regarding this report…Waldo prices continue to rise, and homes go under contract very quickly. Perhaps as we get into the fall/holiday season, prices will ‘normalize’ somewhat and bidding wars will subside. For these numbers, I’m using Waldo street boundaries of State Line to Holmes, Gregory to 85th St.

Jan-Aug 2021                                                                            Jan-Aug 2020

Median list price:             $250,000                                           $220,000

Median sales price:         $265,000                                           $226,000

Days on market:              2                                                          4

No. homes sold:               257                                                     240

Last month, most homes went under contract within two days and prices up 9.6% compared to August 2020. The lowest closed price was $100,000 and the highest was $500,000.

Here are the year-to-date numbers:

Jan-Aug 2021                                                                            Jan-Aug 2020

Median list price:             $250,000                                           $220,000

Median sales price:         $265,000                                           $226,000

Days on market:              2                                                          4

No. homes sold:               257                                                     240

Compared to last year at this time, home values are up 17% ! More homes are selling, for more money and in less time. Currently there are 20 homes listed, with a median price of $249,950 and 23 days on market. Prices range from $97,000 to $417,000.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-July 2021

Here we are into the ‘dog days’ of summer, trying to stay inside, escaping from the triple digit temperatures. Home sales usually dip in August–next month we’ll see if that holds true for this red hot home buying year. For now, here are the Waldo home sales stats for July 2021, using the boundaries of Gregory to 85th St; State Line to Holmes.

July 2021                                                             July 2020

Median list price:    $234,000                              $199,000

Median sales price:  $255,000                            $210,000

Days on market:                  2                                    3

No. sold:                                31                               47

Those figures represent a 21% increase in sales price compared to last year! Lowest closed price was $138,000 and the highest was $445,000.

Here are the year-to-date numbers:

Jan-July 2021                                                       Jan-July 2021

Median list price:    $250,000                              $215,000

Median sales price: $265,000                             $225,500

Days on market:              2                                              4

No. sold:                           225                                         212

The number of homes sold is running a bit ahead of last year; and properties are still selling very fast once they hit the market. Median sales price is up 17% over last year.

Currently there are nineteen single family homes for sale in Waldo, with a median list price of $245,000 and 16 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-June 2021

Waldo continues to be one of the most desirable locations for homebuyers this year–like everywhere else, prices are going way up. Halfway through the year, let’s take a look at what’s been happening in Waldo. I’m tracking single family home sales, in the area bordered by Gregory, 85th and State Line to Holmes.

June 2021                                                                         June 2020

Median list price:      $255,000                                        $229,900

Median sales price:  $270,000                                         $237,000

No. of homes sold:       49                                                    45

Days on market:            2                                                  2

Buyers are paying about 5% over list price, and values are up 14% since last June. Most houses go under contract within 48 hours of listing. Here are the year-to-date stats:

Jan-June 2021                                                                               Jan-June 2020

Median list price:     $250,000                                                    $219,950

Median sales price:  $265,000                                                   $226,000

No. of homes sold:     200                                                           169

Days on market:                                                                       5

More homes closed at this halfway point than last year; prices up 14% YTD compared to last year. The lowest sold price this year so far is $65,000 and the highest is $605,000. Currently there are 18 active Waldo listings, with a median list price of $272,500 and eight days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-May 2021

Ready for the latest Waldo home sales stats? Yes, prices continue to rise, and yes, homes are selling quickly. If you are trying to buy a home in Waldo–don’t get discouraged! Stay the course, be prepared and eventually it will work out. This report reflects the Waldo boundaries of Gregory to 85th St and State Line to Holmes.

May 2021                                                                                       May 2020

Median list price:     $265,000                                                    $254,950

Median sales price:  $278,500                                                   $249,000

No. sold:                        30                                                              36

Days on market:                                                                        4

Home values up 11% compared to May 2020; the lowest closed price last month was $119,000 and the highest was $605,000.

Here are the year-to-date numbers:

Jan-May 2021                                                                                          Jan-May 2020

Median list price:       $249,950                                                                 $215,000

Median sales price:   $263,500                                                                 $222,000

No. sold:                             158                                                                      131

Days on market:               2                                                                            13

Another big increase in Waldo home values over last year–18% year-to-date. Currently, there are just ten single family homes for sale in Waldo, with a median list price of $240,000 and 8 days on market. Prices range from $109,000 to $429,000.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-March 2021

Homebuyers continue to snap up homes in Waldo, driving prices higher. And we are just now getting into the most popular buying months of the year! Here are the sales stats from Waldo, using the boundaries from Gregory to 85th St, State Line to Holmes:

March 2021                                                                                  March 2020

Median list price:    $237,500                                                   $228,000

Median sales price:    $252,500                                               $230,000

No. of homes sold:          26                                                          31

Days on market:              2                                                             31

The lowest closed price last month was $136,000 and the highest was $400,000. Home values up 9.78% compared to March 2020.

Here are the year-to-date figures:

Jan-March 2021                                                                        Jan-March 2020

Median list price:       $250,000                                               $210,000

Median sales price:    $263,500                                              $210,750

No. of homes sold:       71                                                 62

Days on market:           3                                                             28

Look at the difference between the median sales prices: 25% higher this year, and homes are going under contract in a matter of days. Buyers are consistently offering over list price on contracts. I’ve been saying that for months and don’t see any change in the foreseeable future.

Currently there are just five homes for sale in Waldo, with a median list price of $249,000 and four days on the market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-Aug 2020

Waldo home sales are remarkably steady comparing the year-to-date figures…but in August, sold prices were way up! Here are the stats, using the street boundaries of Gregory to 85th St and State Line to Holmes, single family homes:

August 2020August 2019
Median list price: $241,200$222,400
Median sales price: $252,000$217,750
No. of homes sold: 34 38
Days on market; 5 5

In August of this year, sold prices were up over 4% of list price and 15% more than in August 2019. Homes are going under contract very quickly. Here are the year-to-date numbers:

Jan-Aug 2020Jan-Aug 2019
Median list price: $224,475$228,450
Median sales price: $229,950$228,000
No. of homes sold: 252 254
Days on market: 4 8

You can see that the median sales price is just about the same as last year, as is the number of homes sold. The highest closed price so far this year in Waldo is $520,000 and the lowest is $42,000. Currently there are 31 active listings in Waldo, with a median list price of $225,000 and 24 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-July 2020

Ah…I am a bit late in posting these stats, my apologies! When the days can all seem the same….my schedule isn’t as rigid! As for the report, can the Waldo market get any tighter for buyers?!?! It is frustrating, having to bid against several other buyers for new listings. Prices continue to rise due to lack of inventory and high demand.

July 2020July 2019
Median list price: $199,950$234,000
Median sales price: $214,000$241,000
No. of homes sold: 46 37
Days on market: 2 3

As you can see from the days on market number, homes are going under contract within 48 hours of listing. Although the median price is 11% lower than last July, the closed price is way above the list price. Below are the YTD figures:

Jan-July 2020Jan-July 2019
Median list price: $215,000$228,450
Median sales price: $225,500$228,000
No. of homes sold: 210 206
Days on market: 4 8

Prices are down YTD from 2019, just a bit, it’s still very much a sellers’ market. Buyers need to get into new listings the day they hit the market to take a look, because there are just not homes for sale to meet demand. Currently, there are 11 single family homes for sale in Waldo, with a median list price of $215,000 and 29 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Waldo Home Sales Report-May 2020

 

The pandemic has not slowed down Waldo home sales or prices!  There is still a lot of demand from buyers looking in this area.  Homes are selling fast too, often with multiple offers.  Here are the stats, using the Waldo area from State Line to Holmes/Gregory to 85th St:

May 2020                                                                             May 2019

Median list price:     $269,900                                        $232,500

Median sales price:   $257,500                                       $232,500

No. of homes sold:      37                                                     40

Days on market:           5                                                       5

That’s a hefty 10.5% increase from a year ago regarding sales price; however looking at the YTD numbers will tell us more.  Overall, neighboring Brookside prices are slipping compared to a year ago but in Waldo, still on the upward trend:

Jan-May 2020                                                              Jan-May 2019

Median list price:      $219,950                                     $229,950

Median sales price:     $226,000                                   $222,897

No. of homes sold:          125                                            132

Days on market:              12                                               13

So far this year, many sellers are getting an average of 2.75% over asking price for their Waldo homes; and houses are under contract within two weeks.  Currently there are 14 single family homes for sale in Waldo, with an average list price of $339,925 and 16 days on market. One reason for the high average list price is the four brand new homes under construction on the 7700 block of Kenwood–all priced over $350K.  

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

 

Waldo Home Sales Report April 2020

Waldo home prices have been rising fast–will the pandemic slow down the market?  Prices in the Brookside/Waldo area have taken a dip, but I still see strong demand for homes in these areas.  Let’s take a look at the numbers for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:

April 2020                                                       April 2019

Median list price:     $197,500                       $227,000

Median sales price:    $208,000                    $217,750

No. of homes sold:       26                                  32

Days on market:          5                                      9

Home prices down about 4.5% compared to April of last year. However, note that sellers were getting over list price for their properties.  This may be due to bidding wars as a result of lower inventory.  Below are the year-to-date comparisons:

Jan-April 2020                                                  Jan-April 2019

Median list price:      $209,450                          $225,000

Median sales price:    $210,750                         $219,900  

No. of homes sold:       90                                        93

Days on market:           21                                        19

Year-to-date, prices have fallen just over 4%.  Currently there are eleven active single family listings in Waldo, with an average price of $279,900 and 14 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

 

Waldo Home Sales Report-Oct 2019

Hello neighbors!  Waldo home sales have been on a steep incline this year…October figures show a decline in value compared to last year!  But it’s a fluke–overall, numbers are up year to date.  Here are the details, using the Waldo street boundaries of State Line to Holmes, Gregory to 85th St:

October 2019                                                     October 2018

Median list price:     $179,900                        Median list price:     $225,000

Median sales price:   $176,500                       Median sales price:  $216,750

No. of homes sold:     30                                   No. of homes sold:      32

Days on market:        15                                    Days on market:        25

The lowest closed price last month was $130,000 and the highest was $427,000.  

Below are the year-to-date numbers:

Jan-Oct 2019                                                      Jan-Oct 2019

Median list price:     $220,000                       Median list price:      $200,000

Median sales price:   $217,000                      Median sales price:   $205,000

No. of homes sold:     299                               No. of homes sold:       345

Days on market:         8                                  Days on market:          19

Waldo home prices are 5.8% higher this year, although fewer homes have sold–probably due to a lack of inventory.  Currently there are 36 active single family homes for sale in Waldo, with a median list price of $219,000 and 19 days on market.  The lowest asking price is $47,000 and the highest is $525,000.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)